Did you know?

USD/JPY2015-03-03 19:37 UTC

USD-JPY remained near session lows, idling near 119.50, after basing at 119.40. Risk-off conditions were the driver, though heavy selling over 120 from domestic accounts from Monday, prompted some speculative position paring. Technically, the 120.10-20 level has provided a solid resistance level, with support now into 119.10. Significant stops are reported under 119.00.
Read More ►

XE Market Analysis

North American Edition2015-03-03 11:11 UTC

EUR-USD came under some pressure during the European AM session, giving up a narrow oscillation around the 1.1200 level and dipping below 1.1170. Yesterday's five-week low at 1.1160 remained untested at the time of writing. The talk in the interbank market is that the dollar will likely remain bid into Friday's U.S. jobs report, while sub-forecast Eurozone January PPI (-3.4% y/y in January) helped keep the pressure on the euro. USD-JPY failed to ...
Read More ►

European Edition2015-03-03 07:46 UTC

EUR-USD has continued to oscillate around the 1.1200 level, which seems to be evolving into an anchor level. Yesterday's five-week low at 1.1160 is now a support point ahead of the major-trend low 1.1098, which was logged on Jan-25 and is the lowest level traded since Jan-2003. USD-JPY failed to sustain gains above 120.00 over the last day, with the Tokyo market driving the pair to a 119.56 low before the pair settled. The reject from 120+ levels fits ...
Read More ►

Asian Edition2015-03-03 19:37 UTC

The dollar turned lower in N.Y. trade on Tuesday, but first managed to make fresh highs against the euro in early dealings. EUR-USD touched 1.1155 lows before moving up to 1.1217 highs into the London close. Some short covering ahead of the ECB meeting can be expected, though Tuesday's "risk-off" conditions weighed on the dollar overall. USD-JPY meanwhile, stayed away from the 120.00 level, dipping under 119.40 by mid-morning. The 120 level has been a ...
Read More ►